Sharing finances can unintentionally bind your credit score to your spouse in a way. If you choose to divorce, it could take time to establish your own credit again. Careful monitoring of your finances can help you avoid missteps that might further complicate your...
Divorce
Unpaid child support and the Passport Denial Program
As a parent who owes child support, you need to understand that there are serious consequences associated with falling behind on your payments. In addition to losing your driver's license, you could face time behind bars due to back support. In fact, you could also...
What factors will the court consider in dividing your property?
Texas is a community property state, but the division of marital property in your divorce will not necessarily be a 50-50 split. What factors will the court consider when determining how to divide your property? About community property Texas is one of nine states...
How can mediation help your relationship with your family?
Settling a divorce can feel overwhelming and complicated. You may fear arguing with your ex in front of a judge or creating a bigger rift in your family. Fortunately, you have many options for settling. According to U.S. News, one option is mediation to settle a...
How divorce may affect an ex-spouse’s credit
Divorce in Texas includes dividing a couple’s marital debts and assets. As noted by Realtor.com, if an individual wishes to take ownership of a shared home after a divorce, it generally requires a new mortgage. The division of assets during a divorce may, however,...
Weighing the pros and cons of a default divorce
If you plan to bring your marriage to an end, you have many different issues to think about. First, you need to look at your individual circumstances, whether you have kids and worry about a custody dispute or you have a high net worth and have concerns about property...
What are some unique challenges of a gray divorce?
Making the choice to divorce can cause you to reevaluate your life, especially if you are nearing retirement. Gray divorces typically bring with them a set of different challenges than divorces between younger couples. Learning about what those differences are can...
How long does spousal maintenance last in Texas?
When you and your spouse split up in Texas and your spouse was the main breadwinner in your marriage, you may decide to pursue spousal maintenance, or alimony, in your divorce. Whether you receive spousal maintenance depends on a variety of factors, and if you do...
Stay-at-home parents: Can you afford a divorce?
As a stay-at-home parent, you dedicate your time to your family, providing essential support for your working spouse in many ways. Leaving your career to focus on your children can present unique challenges if you decide to get a divorce. Understanding your options...
Options for dividing home equity amid divorce
When you own a home with your spouse in Texas and the two of you decide to split, you need to figure out what to do with any home equity you have amassed since purchasing the property. There are a number of ways you might do this. The option that may benefit you most...
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